Trend Analysis (Fig. 1).
On Wednesday, the market from the level of 1.3475 (yesterday's daily candle close) may start moving downward, targeting 1.3405 – historical support level (blue dashed line). Upon testing this level, the price may rebound upward, targeting 1.3420 – 38.2% retracement level (yellow dashed line).
Fig. 1 (daily chart).
Comprehensive analysis:
Indicator analysis – downward;Fibonacci levels – downward;Volumes – downward;Candlestick analysis – downward;Trend analysis – downward;Bollinger Bands – downward;Weekly chart – downward.Overall conclusion: downward trend.
Alternative scenario: On Wednesday, the market from the level of 1.3475 (yesterday's daily candle close) may start moving downward, targeting 1.3363 – 50% retracement level (red dashed line). Upon testing this level, a rebound upward is possible, targeting 1.3405 – historical support level (blue dashed line).